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At the end of the year, a company reports the following inventory amounts ($ per unit): Item # of Units Net Realizable Value Cost 100
At the end of the year, a company reports the following inventory amounts ($ per unit): Item # of Units Net Realizable Value Cost 100 $5 $6 Y 200 $8 $7 How much will inventory for each product need to be reduced using the lower of cost and net realizable value method? Reduce Produce X by $100 Reduce Product Y by $200 O A. Reduce Produce X by $0 Reduce Product Y by $100 OB. OC. Reduce Produce X by $0 Reduce Product Y by $200 Reduce Produce X by $100 Reduce Product Y by $0 D
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